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Jan 17, 2013 6:00am EST
the debt and deficit reduction at an event hosted by the u.s. chamber of commerce. that's at 8:30 ian. eastern. and at 1 p.m. eastern, the national immigration forum holds a news conference. speakers are scheduled to include tom donohue of the u.s. chamber and former commerce secretary carlos gutierrez. >> he had been talking about this dream that he had had. he had talked about it for years, you know? the american dream, and that it had become his dream. he had been in detroit just a few months before, and he had talked about i have a dream that america will someday realize these principles of the declaration of independence. so, um, i think he was just inspired by that moment. >> sunday on "after words," claiborne carson recalls his journey as a civil rights activist participating in the 1963 march on washington to prominent historian and editor of martin luther king jr.'s papers. it's part of three days of booktv this weekend. monday featuring books on president obama and martin luther king jr. >> now an update on preparations for president obama's inauguration on monday. represent
Jan 22, 2013 8:00am EST
holds a hearing on debt and deficit reduction. examining the history of the debt limit, how past congresses have dealt with the him and whether the constitution provides options to the executive branch when the debt limit is reached. the house is expected to vote wednesday on increasing the nation's current debt limit of nearly $16.5 trillion. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. [applause] >> next, a discussion about gun violence and gun control measures. chicago mayor rahm emanuel was joined by ohio representative stephen latourette at an event hosted by the university of chicago's institute of politics. former nbc nightly news anchor tom brokaw moderated the discussion. it's about an hour and 15 minutes. >> thank you all very much for being here. i've been in this business for a long time, a half a century, and there are occasions in american life when one issue kind of galvanizes the country. and it seems to me that as we begin this year that guns, violence and can their place in american live
Jan 21, 2013 4:00am EST
for india, given that the country is running something in the range of 4% gdp deficit. the financing of that deficit needs to be on on an orderly basis, whether it's through fdi. the indian authorities are in a point where they simply have no other choice but to become more amenable towards foreign investment. and here, india stands somewhat at a contrast to the rest of the em world, if you think of countries like india or brazil or turkey, how do manage that, how to do that on an orderly basis. in contrast to that, india has been too slow and now their back is against the wall to maintain stable macro environment, they need more flows and therefore, i think the market seems to be comfortable in thinking india has no choice but to remain open for business in a big way. >> you mentioned about two minutes ago rather more foreign investment becoming more amenable to this. i think those were your words. which would be the next sectors or the next stores which would have an interest in doing this? >> there's a host of things going on right now. the authorities have a series of reform sect
Jan 21, 2013 1:30pm EST
the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. (cheers and applause) >> pelley: we people, the first three words of the pre-amble of the constitution, the president repeated it again and again throughout the speech, a speech about national unity and unity of person. norah o'donnell and john dickerson are down there on the national mall. they've been watching these events unfold all day. john, the president has quite a task ahead of im. how does he proceed politically? >> well, he proceeds the next big moment is the state of the union and that's where he will get even more detailed. as bob mentioned, this did have a state of the union like feel to it as he ticked off those agenda items. but he'll get more specific about agenda items, he'll put pressure on congress and the big thing, though, is while we think about his agenda for the future, he's still dealing with the business of the past an
Jan 21, 2013 2:00am PST
, immigration reform but there are leftover issues, such as the stubbornly high unemployment, a budget deficit he promised to cut in half by the end of the first term. it is a joyous day for the president but reality will kick in. real fast. chris? >> chris: ed henry reporting from the white house, ed, thanks for that. joining me now is a member of the president's inner circle. senior advisor david plouffe. and, david, welcome back to fox news sunday. >> thanks for having me, chris. >> chris: before we get to the inauguration and the president's second term i want to ask you about this terrorist attack in algeria. what is your latest information on how many americans were taken hostage, what is the status of those americans, and, what does the president think of the way the algerian military handled the situation? >> we have no additional information to report and the state department will do that. this is a reminder countries around the world share a joint threat from the terrorist organization, why we're so active about providing expertise and information and technology, to help them destroy
Jan 22, 2013 12:00pm EST
be put to use, reducing our deficit or funding critical programs for working americans. on issue after issue after issue, we saw inaction. and what we heard yesterday at the start of this next two years was a call from the president for action. he said in his inaugural speech, "for now, decisions are upon us and we cannot afford delay. we cannot mistake absolutism for prince polar substitute spectacle for -- principle or substitute spectacle for politics or treat name-calling as increased debate." he continued, "we must act knowing that our work will be imperfect. we must act, knowing that today's victories will be only partial." the president echoed, if you will, the thought that he brought into his first four years, the urgency of now. that we have big issues facing america and it's time for the executive branch and the legislative branch to work together to address those issues. well, in this call for action, we must ask: how much action can there be if we see more than a hundred filibusters in the next two years? how much action can there be if on every request for a vote an object
Jan 21, 2013 11:00am EST
, as we mentioned earlier, getting the deficit on a sustainable path, trying to accomplish some of his investment agenda. obviously guns are going to be a part of the agenda. right now the main thing is to kind of stick at that visionary level. >> chuck, the president had a pretty good day for his first term on friday before it even started when republicans said they would break that principle of not raising the debt limit unless they had dollar for dollar spending cuts. tell me what you think that means for the resolution of the debt limit fight, which republicans are going to put that proposal on the floor on wednesday, and the president's prospect for resolving what has looked like an excruciating fight. >> it will certainly give us a nice market backdrop which is a nice thing to start off the administration's second term. i guess add 60% gain in the dow the first three years and 10% in the second -- in the last year, but i think that really what that means is that we have a good start, but it's all designed on the republican side to try to compel the democrats to come forward with
Jan 20, 2013 8:00am PST
in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, l
FOX News
Jan 21, 2013 6:00am PST
to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first time around as a good way to sort of change the system and bring in more revenue
FOX News
Jan 15, 2013 3:00pm PST
term deficit reduction plan." you will recall that standard & poor's did downgrade the u.s. debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exa
Jan 15, 2013 11:00pm PST
't have a deficit and debt crisis the way we do right now. let's be fair about the facts. we are in a debt crisis. however, when something like this happens, it's an exception to the rule. these people are hurting. they need the help of the federal government, and that's what we're going to deliver today. the bottom line is we're going to move forward and get this done. >> you know, i have been blessed to get to know some of the really good people up in your borough like teddy atlas and your borough president. they're doing great work. tell us how bad it is. we're looking at pictures of the people under water during the flood. have just been devastated. i saw some of that stuff on your own island of staten island a couple weeks ago, it was really rough. >> it's horrendous. this is a war zone. let me be clear, don't forget about -- you see homes crushed. you see people's personal belongings wiped out to sea, but there's also emotional scars that you cannot see. just this past weekend i had a mother tell me her children are deathly afraid when it rains because they think there's going to be
Jan 16, 2013 5:00pm EST
would be able to reduce the deficit by $150 billion. not a bad idea. and then if you could do all this and would only cost the average driver less than $1 per week per car, would that be a reasonable burden to impose? so i'm floating the idea. we are beginning discussions with senator mark warner of virginia. he was part of the gang of six, gang of eight. we are encouraged by what we're hearing from him. chairman bill shuster in the house came to our meeting in pittsburgh in november, and he said, listen, folks, we know that the central question congress will have to address next year is revenue. we are open to ideas. no guarantee that they can pass anything. but bill shuster is open to any and all ideas. so what i'm asking you to do is to join us in the battle that lies ahead this next couple of years and demand that congress provide long-term funding for transportation. you know, the big issue that every member of congress is concerned about is with deficits, long-term fiscal viability of the country and cutting spending and raising revenue, that combination is what people seem
Jan 16, 2013 5:00pm EST
of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal clif
Jan 15, 2013 11:00am PST
reforms for the long term that get us on a path to reducing debt and deficit. the issue is can't we get the president to sit down with us and not tell us it's our way or the highway or his way or the highway? that doesn't produce the kind of collaborative response to a problem. >> so i don't know whose highway specifically he wants to be on here but the bottom line is congressman walden sees at least from his vantage point that the debt limit should be tied to spending cuts and that's the road he'd like to pursue. where are things right now? >> well, here's where things are right now and the president's been very clear. the president's willing to negotiate a way to reduce the debt through a combination of cuts, but also, through tax reform. but what he's not willing to negotiate and he should not noer negotiate is over whether the congress pays for the bills. the congress is saying if we don't make the changes the way they want to, they're threatening to tank the united states economy. again, the debt ceiling, it is really important that people understand, this is not about expanding yo
Jan 15, 2013 1:00pm PST
thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually have coherent plans for anything they're suggesting. they have sort of hand waving spending cuts, entitlement reform without really writing down a specific path to get there. >> incredible. david corn and jared bernstein, gentlemen, thank you so much. stay with us. we'll be right back. what do we want to build next ? that's the question. every day. when you have the most advanced tools, you want to make something with them. something that helps. helps safeguard our shores. helps someone see through a wall of fire. helps those nowhere near the right doctor stand a chance. ... feeling in the extremities ? no. technology can
Jan 17, 2013 5:00pm EST
budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might how about the committee's outlook. i will be happy to entertain other questions as well. yes? >> just to clarify a little bit on the gdp dragon on the tax hike, was that on the payroll and income tax increases? >> that is correct. >> the 1.25% dragon, was out for the whole year? -- the 1.25% drag, was that for the whole year? >> we think it will be for the whole year of fiscal 2013. >> with the labour market and some improvement on as quick as it was, without just -- there was some sentiment that it might be slowing down. >> we are seeing drags on consumer spending, but also from the ongoing recession in europe and j
Jan 21, 2013 7:00am PST
it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but setting the tone and trying in some ways to push the reset button. >> thank you very much. the president and the first family are back at the white house this morning, but they started their day right across the street from the white house at st. john's episcopal church where our wyatt andrews is standing by this morning. >> scott, good morning. every president since franklin roosevelt, that's 80 years, has begun inauguration day here at st. john's church. the president arrived early this morning with the first lady, daughters malia and sasha, and the family of vice president biden. they came to a 50-minute prayer service. attended also by about 600 members of the parish and congregation. they also got some news when they heard that their reverend will be giving the benediction. the previous one had withdrawn after he gave an anti-gay sermon 20 years
FOX Business
Jan 22, 2013 1:00pm EST
out of our current deficit and debt. i was encouraged to hear that senator schumer and our colleagues in the senate are going to do something they are very unfamiliar with, which is actually to pass a budget. i will believe it when i see it. he says they're going to do it. that is important because when you have to put pen to paper and list your priorities it makes it easier to have the debate. when you're debating against a phrase like balanced approach, that's a challenge. but when you're debating against specific numbers, it gets a little easier. tracy: representative schakowsky, let's talk about this budget. the house of course calling no budget, no pay. look, you want to talk about the center and the american people. we have all had to create budgets over the last couple of years and had no choice but to live by them. we don't have printing presses at home. this notion that we don't have a budget right now, a little disheartening. you think we'll get one out of all this. >> the house passed a budget, the ryan budget that would decimate many things that the middle class actually d
Jan 15, 2013 9:00pm PST
out and your kids can be taught the things that really matter like how the deficit's been destroying the country since january 21, 2009. how zor owes is a hungarian term for class traitor and a man can still have a
Jan 18, 2013 8:00pm EST
disproportionately locally driven. cities cannot run budget deficits, so what happens when you something like the great recession. cities all over the country having to scale back if they can't find the budget deficit. that's what you don't want to do this, local employment during an economic downturn. >> even the fiscal cliff to be right about now. >> this is a huge thing. justice program provides grants to law enforcement to hire more police. that program could easily be 20 or 30 times its billion dollars figure size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree 18 what the professor outlined in the latter part of what he said is to go after illegal gun market among law-abiding people. we're talking about felons on gun violence from the people engaged gun sales illegal under any interpretation of the law. and go after people with records carrying guns illegally. that's been done in cooperation with u.s. attorney in chicago. it's been reasonably good. they think the important thing is to find ways to go after crimina
Jan 18, 2013 2:00pm EST
our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. unanimitydon't have in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to r
Jan 15, 2013 6:00am PST
, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not congress that determines if we default. it's the treasury so i guess that would be secretary timothy geithner if he's still there. it would be the treasury that would decide but we have enough money to pay the interest on our debt, i believe it's $2.5 trillion comes into the treasury every year. that's enough money to pay the interest on the debt. we're not going to cut off payments to seniors on their social security and medicare, and then the military -- >> you saw what happened the last time when we argued about the debt ceiling. our credit rating was downgraded. that is partisan gridlock. >> that is a massive amount of debt. >> it was because of partisan gridlock. >> i disagree. >> and congress not being able to get its act together. we've seen what can happen. >> congress needs to g
Jan 18, 2013 10:30pm EST
. for decades we have piled for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. [applause] the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. in this present crisis, government is not the solution to our problem, government is the problem. [applause] from time to time we've been tempted to belie
Jan 21, 2013 7:00am PST
the deficit right now. i think washington needs to be focused on getting more people back to work. >> reporter: john legend, thank you so much. good luck tonight. don't be too cold out here. you have to save your voice. >> it is so much better than last time. >> reporter: i know. thanks a lot. >> thank you. >> reporter: rachel, it's the second inauguration and people say that their diminished expectations, a smaller crowd, it is really exciting being up here. it's always a thrill to be at the inauguration for the president of the united states. >> i would not feel like it was not inauguration if i did not see you up there talking to people who you have rangled on the vip platform. andrea mitchell, thank you very much. can i tell my john legend story? so i'm sitting in a hotel lobby, susan and i are there, we are in the hotel lobby, there's a piano player. we are enjoying a night out. in from the street runs unexplained and unannounced john legend. he runs into the hotel lobby, excuses the piano player and sits down to sing love songs to his girlfriend in the hotel lobby. susan thought i arrang
Jan 16, 2013 12:00pm EST
debate. i'll be very concrete. other such on the whole reason we have large budget deficits is because the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of t
Jan 21, 2013 6:30am PST
of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we rec noise that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these do not staff our initiative, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all posterity. we will respond to the threat of climate change knowing that the failure to do so would be
Jan 21, 2013 7:00am EST
and spend. let's not talk about the deficit. let's talk about gun control. these priorities are skewed. host: that was stated in the bronx, new york. we want to show you a video of harry -- talking about presidential artifacts. >> part of it is just about the enthusiasm. are meant to be days of national celebration and national unity. they are not always that way, but they are souvenirs' that .eople may create in the days of george washington, there were bronze buttons and pendants that people could buy things from --that people could buy. i particularly like this, a glass tray, sold on that day. it is to mimic a card. it has generally 20th, 1961, marking president kennedy costs of moving. moving.dy's the idea that people get license plates -- these are good for a day or a week. you can put them on the -- under cars. you are part of the celebration. go to the parade. this happens to be kennedy in 1961. you can watch the crowd up above for those of us who are a little bit shorter. we see these kinds of continuity, this ongoing, both the material and this expression of exuberance in a lot of t
Jan 21, 2013 12:00pm EST
of the lines of the deficit and the mention of newtown and other issues, but notably on immigration reform, he just sort of sat there while other members did applaud. whether or not you can read something into that, i am not sure, but it is definitely an opportunity for reaction on the other side. host: to all of these issues we have been addressing the last hour, i want to look at something your colleague wrote in "the washington post." "if the president can reach a broad deal that settles some of the disputes over entitlement spending and tax code and govgiving the government borrowing authority to last through much of the term, he can use that energy to forge a bipartisan, rise on these other big issues to." guest: that is a huge point. one point that ms. mcconnell, republican leader in the senate, has made over and over again is the reason they are using to get them as leverage is they feel the urgency of the issue, and one of the things he said in the past few weeks was that if obama does come to the table and helps to craft a big deal, both sides can agree to, he will be able to move on
Jan 20, 2013 12:00pm PST
and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have been something we would have thought would come up tomorrow. >> yeah. >> but i think that it is -- it is just something that the obama administration did not put a super emphasis on in the last four years and will be something that we'll hear about, in addition to the things that bill talked about. but i think somehow that obama will try to still cast himself as somebody who can try to bring more calm voice to civic discourse. i don't see how it could happen right away, because it didn't happen in the last four years. not sure how he can figure out how to navigate is this time. >> let's listen to some of the other promises made in the president's last
Search Results 0 to 49 of about 53 (some duplicates have been removed)